Material Handling Equipment Market to See Highest Growth in APAC, Predicts M&M in Its Report Published at MarketPublishers.com
03 Jun 2016 • by Natalie Aster
LONDON – The global market for material handling equipment is driven by a number of factors, such as rising demand for automated solutions, advances in technology, a reduction of manufacturing and labor cost, and more.
That is why the marketplace is set to grow at a relatively high CAGR of approximately 8 percent over the period 2016-2022. It is forecast to be worth USD 44.7 billion by 2022.
The growth may be higher is set up costs will decrease since they are a one of key forces restraining this market’s growth. Meanwhile, a major challenge for this market is real-time technical challenges.
The automated guided vehicle marketplace is forecast to register the highest CAGR in the coming years given increased reliability, customized as well as intelligent AGVS’ introduction, reduced operating costs, and more.
Region-wise, APAC will lead the total market growth, and such large players as Toyota Industries Corporation, Fanuc Corporation, Murata Machinery, etc. will contribute to this growth.
Topical research report “Material Handling Equipment Market - Global Forecast to 2022” elaborated by M&M offers an insightful guide to the world’s market for material handling equipment. The study provides a bird’s eye view of the marketplace. It explores drivers of the marketplace, outlines it opportunities and scrutinizes restraints and challenges.
The report casts light on industry trends and includes Porter’s five forces and value chain analyses. The study thoroughly investigates the marketplace on the basis of product types, system types, applications and operations. It also covers software and services being used in the equipment.
The report looks at performance of regional marketplaces and focuses on the competitive landscape, besides sharing with a reader profiles of top players. Future market outlook can be found in the study, too.
More in-demand studies by our partner are available at M&M page.